Here is a video showing how to setup a Hauppauge HD PVR to record your Xbox 360 or PS3 gaming. This device captures FULL 720p HD video in M2TS format and is more than worth the $$$ for anyone interested in capturing their gaming in STUNNING quality.
Although this is an excellent device, it does have a few drawbacks if you're not prepared. Please read below for details.
1) You need AT LEAST a dual core PC with AT LEAST 1 gig of RAM. The same goes for laptops! (Yes this does work with Macs now. BUT you'll need a program called eyeTV 3.1 to capture the video as the archsoft capture software is not compatible with Mac
2) You need AT LEAST a 256 meg Video Card. I recommend a 512 or higher. I run a 1 gig video card, and I still experience some lag when editing...
3) You NEED HD video editing software that will recognize the M2TS files produced by the Hauppauge. (I use Sony Vegas Pro 9.0c, but Pinnacle Studio and Corel Video Studio work as well.)
If you have all the above, video capturing should be easy as pie, and you'll have stunning HD quality videos on YouTube in no time!
Please email me at email@example.com if you have any questions. I answer them all, ask anyone who has contacted me...